Acton MBA: Yale School of Management Dean Tells the New York Times That American Business Schools Are Failing
Posted on: Thursday, 30 June 2005, 18:00 CDT
AUSTIN, Texas, June 30 /PRNewswire/ -- The outgoing dean of the Yale School of Management painted a bleak picture of the nation's business schools last month in an exclusive interview with the New York Times.
Jeffrey E. Garten, who is retiring after 10 years as dean, lamented to the Times that among other things the criteria for tenuring faculty should be changed to include real-world experience. "What business schools need to do is add some criteria for promotion." Garten states, "One of them should be some real-world experience, in the same way that a doctor teaching at a medical school would have had to see patients."
The Acton MBA in Entrepreneurship, based in Austin, Texas, is the answer to Garten's concerns. At Acton, students are taught by successful entrepreneurs. Students learn about business by making difficult decisions in over 300 real life cases, working up to ninety hours each week in an intense twelve-month program. Tenure is not an option at Acton. All entrepreneur-teachers are evaluated by their customers, the students. Salary, bonuses and whether or not a teacher continues in the program are determined by how well students feel they have been served.
Acton's focus on teaching and private sector incentives has paid off. Last year, Princeton Review ranked Acton's entrepreneur-teachers the third best MBA faculty in the country.
Garten leaves Yale "with many more questions than when I came. The biggest one is, is it possible to produce M.B.A. graduates who will not only be greater leaders of their companies but also make a much broader contribution to the world economy and the society at large?"
Jeff Sandefer, a successful entrepreneur and Master Teacher at Acton, answers Garten:
"Acton is proving that successful entrepreneurs are the best teachers for preparing our next generation of business leaders, not only for success in business, but for success in life as well. All you have to do is ask our graduates."
About Acton MBA in Entrepreneurship
The Acton MBA in Entrepreneurship, based in Austin, Texas, is in only its second year of operations. The one-year program is taught by successful entrepreneurs and features intensive 80 to 90 hour work weeks, where students tackle real world problems and even sell products door-to-door. The student-faculty ratio is lower than any MBA program in the country, allowing students to develop strong bonds with their entrepreneur mentors. The Acton MBA in Entrepreneurship was rated by the Princeton Review as having the "Most Competitive" MBAs in the country and the third best teachers in the nation.
For more information, media should contact Holt Hackney at press@actonmba.com , or 512-478-8858, Ext. 115.
Acton MBA
CONTACT: Holt Hackney, +1-512-478-8858, ext. 115, orpress@actonmba.com , for Acton MBA
Source: PRNewswire
Related Articles
- 24-Year-Old Penniless MBA Student Transforms Into Young Tycoon After Inventing The Text Page
- MBA Students Join Forces With Leading Companies to Cut Energy Use and Operational Costs
- Veritas Prep Unveils Online Tool to Help Prospective MBA Students Gauge Their Chances of Admission Into the Top U.S. Business Schools
- Wharton MBA Students Gain Venture Capital Education By Joining $18-Million, Student-Run University Venture Fund
- Yale Makes MBA Students Study Abroad
- Yale School of Management MBA Students Gain International Exposure Through Study Abroad
- Students Find Real Body at Fake Crime Scene
- Program Prepares Students for Real World
- London Business School Helps Executive MBA Students Achieve Work-Study Balance Through Collaborative Study Platform
 |
 |
User Comments (0)
RSS Feeds